Xtra-Gold Resources reported strong Q3 2024 financial results with total assets of US$15.3 million, primarily consisting of cash, liquid securities, and gold inventory. The company achieved total income of US$2.07 million and net income after tax of US$1.46 million. Operating with zero debt, Xtra-Gold covered all exploration drilling and operating costs while strengthening its treasury. The company is preparing to drill several high-priority gold targets near its existing mineral resource footprint, aiming to expand its gold discovery potential.
Xtra-Gold Resources ha riportato risultati finanziari solidi per il terzo trimestre del 2024, con un totale di attivi pari a 15,3 milioni di dollari USA, che consistono principalmente in contante, titoli liquidi e inventario d’oro. L’azienda ha raggiunto un reddito totale di 2,07 milioni di dollari USA e un utile netto dopo le tasse di 1,46 milioni di dollari USA. Operando senza debiti, Xtra-Gold ha coperto tutti i costi di esplorazione e operativi, rafforzando nel contempo la sua tesoreria. L’azienda si sta preparando a perforare diversi obiettivi d’oro ad alta priorità vicino alla sua attuale area mineraria, con l’obiettivo di espandere il suo potenziale di scoperta dell’oro.
Xtra-Gold Resources reportó resultados financieros fuertes para el tercer trimestre de 2024, con un total de activos de 15,3 millones de dólares EE. UU., que consisten principalmente en efectivo, valores líquidos e inventario de oro. La compañía obtuvo un ingreso total de 2,07 millones de dólares EE. UU. y un ingreso neto después de impuestos de 1,46 millones de dólares EE. UU.. Operando sin deudas, Xtra-Gold cubrió todos los costos de perforación de exploración y operativos, al mismo tiempo que fortaleció su tesorería. La empresa se está preparando para perforar varios objetivos de oro de alta prioridad cerca de su actual huella de recursos minerales, con el objetivo de expandir su potencial de descubrimiento de oro.
Xtra-Gold Resources는 2024년 3분기 강력한 재무 실적을 보고했습니다. 총 자산은 1,530만 달러이며, 주요 구성 요소는 현금, 유동 증권 및 금 재고입니다. 회사는 총 수익 207만 달러와 세후 순이익 146만 달러를 달성했습니다. 부채가 없는 상태에서 Xtra-Gold는 모든 탐사 및 운영 비용을 충당하고 재무 상태를 강화했습니다. 이 회사는 현재의 광물 자원 발자국 근처에서 여러 우선 순위가 높은 금 탐사 대상지를 드릴링할 준비를 하며, 금 발견 가능성을 확장하는 것을 목표로 하고 있습니다.
Xtra-Gold Resources a annoncé des résultats financiers solides pour le troisième trimestre 2024, avec un total d’actifs de 15,3 millions de dollars américains, qui consistent principalement en espèces, en titres liquides et en inventaire d’or. La société a réalisé un revenu total de 2,07 millions de dollars américains et un revenu net après impôt de 1,46 million de dollars américains. Opérant sans dette, Xtra-Gold a couvert tous les coûts d’exploration et d’exploitation tout en renforçant sa trésorerie. L’entreprise se prépare à forer plusieurs cibles d’or de haute priorité à proximité de son empreinte de ressources minérales existante, visant à augmenter son potentiel de découverte d’or.
Xtra-Gold Resources hat starke finanzielle Ergebnisse für das dritte Quartal 2024 berichtet, mit einem Gesamtvermögen von 15,3 Millionen US-Dollar, das hauptsächlich aus Bargeld, liquiden Wertpapieren und Goldbeständen besteht. Das Unternehmen erzielte ein Gesamteinkommen von 2,07 Millionen US-Dollar und ein Nettoergebnis nach Steuern von 1,46 Millionen US-Dollar. Xtra-Gold operiert ohne Schulden und deckte alle Kosten für Erkundungsbohrungen und Betrieb, während es gleichzeitig seine Kasse stärkte. Das Unternehmen bereitet sich darauf vor, mehrere wichtige Goldziele in der Nähe seines bestehenden mineralischen Ressourcenbereichs zu bohren, um das Potenzial für Goldentdeckungen zu erweitern.
Positive
- Strong Q3 total income of US$2.07 million
- Healthy net income of US$1.46 million
- Robust asset position of US$15.3 million
- Zero debt position
- Self-funded exploration and operations
Toronto, Ontario–(Newsfile Corp. – October 30, 2024) – Xtra-Gold Resources Corp. (TSX: XTG) (OTCQB: XTGRF) (“Xtra-Gold” or the “Company”) is pleased to provide the following summary of the unaudited Financials ending September 30, 2024:
– Total Assets of US
– Zero Debt;
– Total Income for the quarter of US
– Net Income (after tax) of US
The full details of the Quarterly Financials with MD&A can be viewed on the Company’s website at www.xtragold.com.
James Longshore, CEO/Co-Founder states: “Our Company had another great quarter, covering all our exploration drilling and operating costs, while also strengthening our treasury. Our exploration team is currently preparing to drill several high-priority gold targets, in close proximity to our mineral resource ‘footprint’. If successful, this will expedite our goal of becoming a multi-million ounce gold discovery.”
About Xtra-Gold Resources Corp.
Xtra-Gold is a gold exploration company with a substantial land position in the Kibi Gold Belt. The Kibi Gold Belt, which exhibits many similar geological features to Ghana’s main gold belt, the Ashanti Belt, has been the subject of very limited modern exploration activity targeting lode gold deposits as virtually all past gold mining activity and exploration efforts focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area.
Xtra-Gold holds 5 Mining Leases totaling approximately 226 sq km (22,600 ha) at the northern extremity of the Kibi Gold Belt. The Company’s exploration efforts to date have focused on the Kibi Gold Project located on the Apapam Concession (33.65 sq km).
Forward-Looking Statements
The TSX does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain “forward-looking statements”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228183
FAQ
What was Xtra-Gold Resources (XTGRF) Q3 2024 total income?
Xtra-Gold Resources reported total income of US$2,076,796 for Q3 2024.
How much net income did Xtra-Gold (XTGRF) generate in Q3 2024?
Xtra-Gold Resources generated net income after tax of US$1,462,598 in Q3 2024.
What are Xtra-Gold’s (XTGRF) total assets as of September 30, 2024?
Xtra-Gold’s total assets were US$15,318,885 as of September 30, 2024, mainly comprising cash, liquid securities, and gold inventory.
What is Xtra-Gold’s (XTGRF) current debt position in Q3 2024?
Xtra-Gold Resources reported zero debt in Q3 2024.